DEBT DEFAULT

TORONTO - Credit monitoring agency Equifax says Canadians racked up more debt in the latest quarter, driven by mortgages and higher instalment loans.Data compiled for the second quarter shows that ove...

Canada could face a eurozone-style debt crisis in the coming decades if provinces don’t fix their finances, says a new report from the Macdonald-Laurier Institute that echoes growing concerns among Ca...

TORONTO (Reuters) - Toronto's main stock index hit its lowest level since November on Tuesday after a U.S. deal to avoid a government debt default failed to distract investors from recent dismal econo...

BURLINGTON, Ont. - Finance Minister Jim Flaherty said Tuesday that he is "very concerned" about the debt crisis in the United States, warning that Canada would feel an impact if Washington defaulted on its loans.But Flaherty also said he believed that U.S. legislators would reach an agreement allowing Washington to raise its debt ceiling before the Aug. 2 deadline.

Most experts agree that the likelihood of a U.S. debt default is slim. But if it happens, average Canadians could experience a shift in everything from their buying power to their job prospects. Canad...

SUBSCRIBE AND FOLLOW

Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements.
Learn more

Newsletter

Please enter a valid email address

Thank you for signing up! You should receive an email to confirm your subscription shortly.There was a problem processing your signup; please try again later